Tungsten Carbide Market – Opportunities and Forecast, 2020-2027
This global study conducted by GMI Research provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for different segments. The market report tracks the
overall demand growth during the forecast period. A regional study of the
market is also carried out in North America, Asia-Pacific, Europe, and the Rest
of the World. The report indicates growth parameters in the regional markets,
along with leading players that are dominating the industry.
Competitive Landscape:
The leading organizations covered in the Tungsten Carbide
Market are:
·
Sandvik AB
·
Kennametal Inc.
·
Ceratizit S.A.
·
Extramet
·
Federal Carbide Company
·
Guangdong Xianglu Tungsten Co., Ltd.
·
Nanchang Cemented Carbide Co., Ltd.
·
Jiangxi Yaosheng Tungsten Co., Ltd.
·
Japan New Metal Co., Ltd.
·
China Tungsten Online
Drivers of the Tungsten Carbide Market:
The significant factors contributing to the growth of the tungsten carbide market
during the forecast period include the rising demand for industrial machineries
from several end-use industries, such as industrial engineering,
transportation, mining & construction, and aerospace & defense.
Moreover, growing product demand in the mining & construction,
transportation, and industrial engineering sector will surge the growth of the
tungsten carbide powder market. Rising government investments to upgrade their
public infrastructure, especially in the BRICS nations. Furthermore, increasing
spending for residential & commercial buildings will fuel the tungsten carbide
powder market demand, thus boosting the growth of the tungsten carbide powder
market. The high tensile strength, excellent durability, and corrosion &
abrasion resistance of tungsten carbide make it ideal for mining &
construction and automobile, which is a major factor driving the market growth.
Additionally, tungsten carbide is gaining recognition as it is used in 3D
printing technology equipment. Many companies are switching their present
material, used in 3D printing equipment, like lead with tungsten carbide powder
due to its strength, stiffness, and capacity to survive high temperatures and
heat, which will create new growth opportunities in the market during the
forecast period.
For Additional Insights, Click to Access Complete Report:
https://www.gmiresearch.com/report/global-tungsten-carbide-market-powder/
Key Benefits offered by the Tungsten Carbide Market report:
·
This study represents the analytical depiction
of the Tungsten Carbide Market along with the ongoing trends and future
estimations to determine the imminent investment pockets.
·
The report provides detailed information related
to market drivers, restraints, and growth opportunities, followed by the
analysis of the Tungsten Carbide Market share.
Segmentation of the Tungsten Carbide Market:
The Tungsten Carbide Market has been categorized into the
following segments:
Breakup by Grade:
·
Rotary Drilling & Mining Grades
·
Metal Forming & Wear Grades
·
Submicron Grades
·
Corrosion Resistant Grades
·
General Purpose Grades
·
Other Grades
Breakup by Application:
·
Machine Tools & Components
·
Cutting Tools
·
Dies & Punches
·
Abrasive Products
·
Others
Breakup by End-Use Industry:
·
Mining & Construction
·
Inserts
·
Drill Bits
·
Burr Blanks
·
Industrial Engineering
·
Chemical & Fertilizer
·
Fluids Power Manufacturing
·
Power Generation & Transmission
·
Transportation
·
Railways
·
Automotive
·
Oil & Gas
·
Exploration
·
Drilling
·
Aerospace & Defense
·
Aircrafts
·
Ammunitions
·
Others
·
Jewellery
·
Medical
·
Sports
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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